Debut Homes Supreme Court decision – breach of directors’ duties

Overview

On 24 September the Supreme Court released its long-awaited decision in Debut Homes Ltd (in liquidation) v Cooper. The primary issue in the case was whether a director was in breach of his directors’ duties under the Companies Act 1993.

This is the first time that the Supreme Court has considered these duties in detail.

In the final analysis, the Supreme Court essentially agreed with the High Court decision that Mr Cooper breached his directors’ duties and that he was personally liable to pay $280,000. 

The judgment is relevant to directors of all companies in New Zealand.

Join this webcast, held in partnership with MinterEllisonRuddWatts, to discuss insights and learnings from the case.

Ample time will be allocated to Q&A with the audience.

Sean Gollin

Partner - Dispute Resolution and Litigation

Sean is a commercial litigation lawyer with a leading reputation and extensive experience including commercial, property, leasing, and product liability disputes. This includes insolvency, restructuring and corporate recovery, security enforcement, banking litigation, creditors remedies, admiralty and maritime law.

Sean has specialised expertise in both the commercial and litigation aspects of insolvency and restructuring law, and the enforcement of security. He is listed in all major directories as one of New Zealand’s leading insolvency and restructuring lawyers and has acted on many of New Zealand’s largest insolvency transactions, including the Central North Island Forest Partnership, Crafar Farms, and Kawarau Falls Station receiverships.

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Contact

Ferne Blake
National Sponsorship and Events' Manager
ferne.blake@iod.org.nz
027 217 9775